Funding you earn now, next payment 04:00 UTC−0.0144%/8h= −15.8% APRnext payment −$0.72 per $10,000 · paid last 24h −0.019%
Price spread now: Bitget against Gate−0.109%7-day average −0.015% · you buy dearer than you sell
Net, funding: paid 7d − costs−$128as in the Funding arb table
Net, price: spread back to 7d avg − costs−$140as in the Price arb table
costs, in and out, $10k−$1301.302% of the position
Funding, last 7 days+0.020%+$2 on $10k
+Price spread, last 4 days (all we have)+0.084%+$8 · spread now −0.109%, 7d avg −0.015%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Bitget is 0.094% cheaper against Gate than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.015%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate CAP_USDT | 0.04602 | 0.0100 | pay 0.0050% / 4h | 2h 12m | $327K | $1.2M | 20x |
| Short | Bitget CAPUSDT | 0.04597 | −0.0044 | pay 0.0022% / 4h | 2h 12m | $1.0M | $588K | 10x |
Gate CAP_USDT
Bitget CAPUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Gate. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$30.24
- Price spread: −0.109% → −0.015%
- −$9.41
- Slippage, 4 orders
- −$103.21
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$169.86
- Costs to cover
- 1.302%
- Break-even
- never at this rate
Slippage from Gate: live order book, 5 min ago; Bitget: live order book, 3 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Gate live order book, 5 min ago | 3.25 bp | 49.1 bp −$49 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 5.42 bp | 16.7 bp −$17 | 69.8 bp −$698 | doesn't fit | doesn't fit |
CAP on 13 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin CAPUSDTM | −0.0796% | 4h | 0.04595 | −0.152% | $4.4M | $1.4M | 10x | as long as short |
| OKX CAP-USDT-SWAP | −0.0426% | 4h | 0.04597 | −0.109% | $2.1M | $7.1M | 10x | as long as short |
| Bitget CAPUSDTshort | −0.0044% | 4h | 0.04597 | −0.109% | $1.0M | $588K | 10x | |
| gTrade (Gains Network) CAP/USD | L 0.0000% / S 0.0000% | 1h | 0.04602 | −0.002% | — | — | 150x | as long as short |
| Variational Omni CAP | +0.0090% | 4h | 0.04612 | +0.220% | $8K | $8K | — | as long as short |
| Lighter CAP | +0.0096% | 1h | 0.04601 | −0.030% | $19K | $2K | 3x | as long as short |
| Aster CAPUSDT | +0.0100% | 4h | 0.04600 | −0.048% | $26K | $66K | 5x | as long as short |
| Binance CAPUSDT | +0.0100% | 4h | 0.04599 | −0.075% | $8.9M | $8.8M | 10x | as long as short |
| Bybit CAPUSDT | +0.0100% | 4h | 0.04600 | −0.043% | $4.5M | $4.1M | 10x | as long as short |
| Gate CAP_USDTlong | +0.0100% | 4h | 0.04602 | long leg | $327K | $1.2M | 20x |
KuCoin CAPUSDTM
OKX CAP-USDT-SWAP
gTrade (Gains Network) CAP/USD
Variational Omni CAP
Lighter CAP
Aster CAPUSDT
Binance CAPUSDT
Bybit CAPUSDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC CAP_USDT | +0.0100% | 4h | 0.04600 | −0.043% | $560K | $236K | 20x | as long as short |
| BingX CAP-USDT | +0.0100% | 4h | 0.04600 | −0.043% | — | $1.6M | — | as long as short |
| Orderly PERP_CAP_USDC_mythos | +0.0100% | 4h | 0.04600 | −0.043% | $5K | $582 | 10x | as long as short |
MEXC CAP_USDT
BingX CAP-USDT
Orderly PERP_CAP_USDC_mythos